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"We're seeing an increasing amount of landlords who are interested in choice only to the extent that they have taken a financial interest in a carrier," said David S. Turetsky, a senior vice president at Teligent Inc., a new local communications company, and a former deputy assistant attorney general at the Justice Department.
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The tax benefits are typically far smaller than the amount of money landlords could lose by dropping rents to stabilized levels.
The Treasury is to give Threadneedle Street the ability to restrict the size of loan relative to the value of a property and also limit the size of loans relative to the amount of rent landlords receive to cover interest payments.
Despite their relatively small effect on the whole economy, defunct Internet firms are causing a disproportionate amount of trouble for landlords.
"The amount of dollars the landlord is requiring from the next tenant, we couldn't find a way to make it work," LaRocca said.
"If the upstairs neighbor is creating an excessive amount of noise, the landlord is obligated to take steps to ensure that the downstairs tenant's rights are not violated," Mr. Belkin said.
At issue are the new legal rents that should be charged for those apartments and the amount of money the landlord must repay tenants for past overcharges, according to two executives who were briefed on the talks but insisted on anonymity because of strict confidentiality agreements.
"The amount of dollars the landlord is requiring from the next tenant, we couldn't find a way to make it work," NBA executive vice president of global merchandising Sal LaRocca said.
Soon after it approves the new retrofitting mandate, the council should enact a companion ordinance that limits the amount of the cost that landlords can pass on to their tenants.
Can I deduct the full amount of the overcharge the landlord was ordered by the agency to repay?... Jacqueline Ancess, Manhattan.
"While there is no definitive standard as to what constitutes a 'reasonable' amount of time for a landlord to process the return of a security deposit," Mr. Newman said, "a court would likely find three months to be excessive".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com